How to modify the PATH under Win2K?? - Windows NT

This is a discussion on How to modify the PATH under Win2K?? - Windows NT ; Hello,
System is Windows 2000 Professional.
How does one add a component to the deafult PATH, something like this:
PATH=%PATH%,C:\New-Component
of Win'98 fame (done in Autoexec.bat)??
Thanks in advance,
-ishwar...